GDP UP 6.42% IN FIRST 6 MONTHS OF 2022
Vietnam’s gross domestic product (GDP) in the first six months of 2022 expanded 6.42%, higher than the 5.74% recorded in the same period last year.
NEW PRINCIPLES DEPLOYED FOR POLICY FUNDING
The government is boosting the implementation of a gigantic package on supporting enterprises and people to achieve a new growth goal, with a plan to source sufficient funding for the policy.
VIETNAM LOOKS FORWARDS TO STRONGER INVESTMENT FROM US, EUROPE
The strategy for 2021 - 2030, signed off by Permanent Deputy Prime Minister Pham Binh Minh, aims at raising capital flows from countries and territories in certain regions to over 70% of total foreign investment in Vietnam during 2021 - 2025 and 75% during 2026 - 2030.
VIET NAM'S GDP PROJECTED TO EXPAND BY 7% THIS YEAR
Viet Nam’s GDP is likely to expand by around 7 percent in 2022, 0.5 percent higher than the National Assembly’s preset goal, said Minister of Planning and Investment Nguyen Chi Dung.
VIETNAM POSTS HIGHEST Q2 GDP GROWTH IN DECADE
The country’s GDP growth this quarter sent the figure in the first half of the year to 6.42%, the highest for the period in three years and higher than the 2.04% and 5.74% in the same period of 2020 and 2021. However, the growth rate was lower than the 7.28% and 6.98% in the first half of 2018 and 2019.
VIETNAM CONTINUES TO BE ONE OF THE TOP FDI RECEIVERS IN ASEAN
According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times more than the average over the previous decade – the average for 2000-09 was $41 billion.
EXPORT GROWTH RATE PROJECTED TO REACH 6-7% ANNUALLY IN 2021-2030
A strategy to 2030 sets sustainable targets with a balanced import-export structure in order to sharpen competitive edge and bolster brand development for Vietnamese products. The idea behind the plan is to raise Vietnam’s position in the global supply chain and serve as momentum for sustainable economic development. The target has been set at an average export growth rate of 6-7% to 2030.
NEWLY-ESTABLISHED BUSINESSES IN H1 EXCEED 70,000 FOR FIRST TIME
There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6 per cent compared to last year. This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000.
